BusinessBusiness RecoveryPhotographic business in administration

Photographic business in administration

Insolvency specialists at Leonard Curtis & Co have been appointed administrators of photographic companies FotoStop Express and Marston Associates.

Partners Jonathan Schapira and Stephen Swaden were appointed administrators last Friday.

They said the photographic businesses had been badly affected by the foot and mouth crisis and Septemeber 11, which led to cancellation of large numbers of orders of their equipment and services.

Fotostop, which supply photographic processing equipment to chemists, small retailers and convenience stores across the country, employed 60 people and had a turnover of just under £15m in the year to September 2001. Marston Associates provides lease finance ffor photo processing equipment.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor